APR and EAR should lending laws be changed to require lenders to report EARs instead of APRs?

Question:

APR and EAR should lending laws be changed to require lenders to report EARs instead of APRs? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

See More Books

Question Posted: Apr 28, 2011 02:29 AM

See More Questions

Insurance companies bond employees of other companies who handle cash Bonding employees is much like having an insurance policy that will reimburse the company if an employee steals money Good idea...
Read the New York Times article entitled, Reverse Engineering Birds Beaks into Dinosaur Bones found here then provide a brief summary of the article. Next discuss whether or not you believe that the...
An envelope containing a $10 rebate check was placed in Hart's mailbox by mistake. It was addressed to Rice, a former tenant, and read, "Pay to the bearer or G. Rice, $10.00." Discuss Hart's role....
Investment Portfolio and Risk diversification. Analyze the situations that arise in each of the problems and calculate the value or values ?? required for each of these. Problem 2: List and discuss...
(a) A student rotates on a frictionless piano stool with his arms outstretched, a heavy weight in each hand. Suddenly he lets go of the weights, and they fall to the floor. As a result, does the...
Solve each equation, using the zero-factor property. (2x + 3) (x - 1) = 0
3. Car entered into a third forward contract for speculation. At December 31, 2016, what amount of foreign currency transaction gain should Car include in income from this forward contract? Explain.
Your client, Wyeth Leasing Company, is preparing a contract to lease a machine to Souvenirs Corporation for a period of 25 years. Wyeth has an investment cost of $421,087 in the machine, which has a...
Milestone Two: Market Research Data Use information from Milestone One and the provided Milestone Two Market Research Data Appendix Word Document to conduct a cost - volume profit analysis. Complete...
Consider the data in Table 3.30. and the following FDs: Decompose as necessary to achieve 3NF.
Present Value Suppose two athletes sign 10-year contracts for $80 million. In one case, were told that the $80 million will be paid in 10 equal installments. In the other case, were told that the $80...
Time Value On subsidized Stafford loans a common source of financial aid for college students, interest does not begin to accrue until repayment begins. Who receives a bigger subsidy, a freshman or a...
How does Facebook influence self-interest and the social interest?
The Log Jamboree amusement park ride at Six Flags over Georgia consists of an approximately rectangular flume that is 6 ft wide and is constructed from fiberglass (ks = 0.002 in). In the low-velocity...
57'-8" 1. The building perimeter walls are 1'2" thick and the interior walls are 1'0" thick. Fig 1 and Fig 2 detail the linear feet of 1'2" -thick foundation walls. In addition, side B is 8'4" tall...
The Orpheus Chamber Orchestra is celebrating its 50 years as an orchestra this year. Read the following articles about its unique structure: The first Charlotte article is copied below, the rest just...
Which of the five strategies for adapting products and promotion for global markets does Monster Employ? 15-16. Which factors in the global marketing environment have challenged Monster's global...
Analysis of Current International Economic Environment in Switzerland 1. Develop a lead sentence for this section that introduces the key subsections 2. Economic Environment describe Switzerland...
What are the various factors affecting the climate?
The baseball player A hits the ball from a height of 3.36 ft with an initial velocity of 34.8 ft/s. 0.14 seconds after the ball is hit, player B who is standing 15 ft away from home plate begins to...
Redo Problem 14.1 using Aspen Plus. Problem 14.1 The flame temperature attained in a torch or a burner can be computed using the adiabatic reaction temperature analysis of Sec. 14.3 if it is assumed...
An investment project provides cash inflows of $760 per year for eight years. What is the project payback period if the initial cost is $3,400? What if the initial cost is $4,450? What if it is...
Offshore Drilling Products, Inc., imposes a payback cutoff of three years for its international investment projects. If the company has the following two projects available, should it accept either...
Youre trying to determine whether or not to expand your business by building a new manufacturing plant. The plant has an installation cost of $16 million, which will be depreciated straight-line to...
nformation pertaining to Noskey Corporation s sales revenue follows: November 2 0 2 1 ( Actual ) December 2 0 2 1 ( Budgeted ) January 2 0 2 2 ( Budgeted ) Cash sales $ 1 0 5 , 0 0 0 $ 1 1 5 , 0 0 0...
The management team of Netflix maintains a stable dividend using the Lintner model: Dt+1 = Dt + EPS Target Payout Where Dt (Dt+1) = dividend in the current period t (the next period t + 1) EPSt =...
#1 #2 hapter 50 10 D Werences lav Help Required information [The following information applies to the questions displayed below) Archer Company is a wholesaler of custom-built air-conditioning units...

APR and EAR should lending laws be changed to require lenders to report EARs instead of APRs?

Question:

Step by Step Answer:

Yes they should APRs generally dont p...View the full answer

Fundamentals of Corporate Finance

Students also viewed these Corporate Finance questions